LONDON — A property firm run by a business partner of US
President Donald Trump has awarded a £250 million ($320 million)
contract to developers for the construction of a
"Versace-branded" skyscraper in London.

Nine Elms Property awarded the contract to developers Multiplex
for the construction of AYKON London One, a fifty-storey tower to
be built in central London at Nine Elms on the South Bank.

Sajwani is a close associate of Trump, and was
frequently seen at the president's side during his recent
trips to Croatia and Malta. DAMAC also partnered with the Trump
Organisation to develop the Trump International Golf Club in
Dubai.

"The world's first Versace-branded tower"

AYKON London One is valued at £590 million and is scheduled for
completion in 2020. Forty-five percent of the apartments are
currently pre-sold, according to an emailed statement.

The tower forms part of the multi-billion pound regeneration
scheme on the River Thames that also includes the construction of
luxury apartments in Battersea Power Station and a new US
embassy.

It will consist of 450 apartments from one to three bedrooms, and
its interiors will be designed in partnership with luxury fashion
house Versace. Each apartment will feature a "winter garden"
which developers say will offer panoramic views of the city.

In addition to residential units, the building will contain just
under 10,000 square feet of communal gardens, four storeys of
office space, and a"sky bridge" between the two towers.

AYKON London One at Nine
ElmsNine Elms Property Ltd, AYKON
London One

Sajwani said in a statement that the project will be the "first
of its kind" in London.

"The project continues to garner interest from investors who
appreciate such a niche investment opportunity and seek premium
branded real estate in one of the most desirable cities in the
world," he said.